NVIDIA Corporation (NASDAQ:NVDA) is Advisor Resource Council's 7th Largest Position

Advisor Resource Council lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2,983.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,247 shares of the computer hardware maker's stock after acquiring an additional 159,887 shares during the quarter. NVIDIA accounts for about 1.3% of Advisor Resource Council's portfolio, making the stock its 7th largest position. Advisor Resource Council's holdings in NVIDIA were worth $17,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. DecisionPoint Financial LLC grew its holdings in shares of NVIDIA by 2.9% during the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after buying an additional 80 shares during the last quarter. BCR Wealth Strategies LLC lifted its position in NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after purchasing an additional 89 shares during the period. Condor Capital Management lifted its position in NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares during the period. Squire Investment Management Company LLC lifted its position in NVIDIA by 4.0% in the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock valued at $317,000 after purchasing an additional 91 shares during the period. Finally, Kelly Financial Services LLC lifted its position in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 49,131 shares of NVIDIA stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $162.83, for a total transaction of $8,000,000.73. Following the completion of the sale, the director directly owned 1,826,382 shares of the company's stock, valued at $297,389,781.06. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,520,246 shares of company stock valued at $660,253,045 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on NVDA. The Goldman Sachs Group began coverage on shares of NVIDIA in a research report on Thursday. They issued a "buy" rating and a $185.00 price objective for the company. Bank of America raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Loop Capital raised their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Raymond James Financial raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Truist Financial raised their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.03.

NVIDIA Price Performance

Shares of NVDA traded up $0.82 during mid-day trading on Friday, reaching $164.92. 193,205,730 shares of the company's stock were exchanged, compared to its average volume of 265,988,678. The company has a market cap of $4.02 trillion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.45 and a beta of 2.13. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $167.89. The company has a 50-day simple moving average of $141.53 and a two-hundred day simple moving average of $128.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's payout ratio is currently 1.29%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.